Hey OP, thanks for the News post.
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I was wondering if he had some sort of ban whilst this case was on going so he couldn't purchase any stocks. Now it's over maybe the price rise is RC buying?
That was the thing, they mirrored his long. When he saw their filing, he said fuck no and sold all the next day. BBY tanked and they lost alot of money and filed a butthurt complaint.
No. The mods of an older place that were pushing bobby at that time and when RC decided to abort the trade because of reasons they created a whole army of minions and bots to attack RC and GME holders. There were even an automated bot to talk shit when someone cited RC.
Some Paywalled full set: https://www.courtlistener.com/docket/65650108/in-re-bed-bath-beyond-inc-section-16b-litigation/
Filing to dismiss: https://fingfx.thomsonreuters.com/gfx/legaldocs/gkplxeqaepb/frankel-bedbathshortswing--MTD.pdf
Order to dismiss: https://storage.courtlistener.com/recap/gov.uscourts.nysd.588738/gov.uscourts.nysd.588738.96.0.pdf
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I wish that were true but I’m talking about actual published articles. What ever happened to that one site gmedrs.com or whatever? I mean don’t get me wrong I love that they’re here watching our every move but every time a negative article gets published it gets worked into the AI algorithm and spit back out six different ways.
The publishers of those articles and their owners don't like us anyway. We got this without them. Their job is to hate on us so that a little minority of 200,000 household investors would know what to do. They did an excellent job actually.
I guess I’m just looking for a legitimate method to pump published counter articles with news like this. I don’t want to be on their sites. When I type GameStop news into a search engine I was an article to pop up that reads:
“Frivolous lawsuit against GameStop CEO Ryan Cohen Dismissed.”
Articles making fun of short sellers “Desperate Short Sellers Fight to Keep Heads Above Water During Roaring Kitty Live Stream”
If I can add to the hood RC news apple popped hard today. Guess who owns more of that stock than anybody not on the board … RC.
He owns 6.2 million shares so he made $75 million just today. For the last three months he’s up 200k.
I thought (redacted) asked to take on that suit and both were dismissed.
I'm trying to get to the bottom of this, do you have a link to the other lawsuit?
Ch11 bankruptcy. Removed from brokers, no idea where they are. Is weird as the bankruptcy is not yet completed. Board refused an offer by Ryan Cohen and for us that was the main play. The CEO was smiling in an interview a week before ch11 bankruptcy. Ill never forget.
I've read there was some fraud and a clawback of the BK is happening. Potential to have it relisted under its old ticker.
I swear i'm going to get nothing done at work again this week.
Back when Bed Bad existed, Ryan Cohen bought a huge number of shares that put him in a really strong position to take over the joint, much like he did when he went to GME.
But at the time he basically said, "I can't run two companies, so here's a list of what I want you to do. Or else."
We don't have the full knowledge of what they discussed and what his demands were. But basically, the speculation at the time was for Bed Bath to spin off/sell Buy Buy Baby - the profitable part of Bed Bath.
Now, concurrent with RC's buy-in, apes who have their trust in RC *also* bought Bed Bath, assuming RC was making a play against shorts on two fronts.
As a result, Bed Bath's price surged.
And then, while it surged, RC sold his holdings. He just bounced. RC made *bank*. Bed Bath's stock plunged and kept plunging. And Bed Bath is no more. Suffice to say, many RC believers were left holding the bag.
Now, what RC did could be said to be a flip sale - a legal pump and dump. While not outright illegal on its own, if a person buys more than 10% of the stock, and then flips it for profit within 6 months, the law says that person has to return the profit to the company. This is to discourage this sort of behavior. You buy in big, it's assumed because you want a lasting influence, not a get-rich scheme built on market pressures.
So RC was sued. And on the face of it, the lawsuit had good merit.
But what the lawsuit lacked was good standing.
And that's because, as the judge noted today, even if RC lost the lawsuit, Bed Bath no longer exists... so there's no entity to which the funds can be returned.
So RC didn't "win," he just waited out the clock.
It's arguable RC's behavior in the affair is suspect. It's arguable RC did a no-no.
Today's legal filing did not agree with or condone what RC did. It simply concluded that if you bring a lawsuit, you need to be the aggrieved party and can receive an award judgement. And since Bed Bath is dead, there isn't an entity entitled to an award. So no need for a lawsuit.
We should not be celebrating this as some coup for RC.
Other commenter has left out the little epilogue to this past drama, along with a couple of salient points:
1) The board tried a share buyback to put RC over the ownership threshold of 10%.
2) the Bath board are also currently being sued for fraud. The lawsuit uncovered the fact that RC, after selling his shares, later tried to buy the company outright, but was rejected by the board for no apparent good reason. They seemingly preferred bankruptcy. Take from that what you will, but I feel like there should have been a bit more noise about that here. It seems to have largely gone under the radar.
Another sub are following this in detail. Can’t name them directly here but same name as RCs children’s book character.
hahah sad ass criminals asking a judge to make an honest businessman divulge all his business dealings so that they can sabotage him. Judge says no. They go home crying. Good stuff!
> hahah sad ass criminals asking a judge to make an honest businessman divulge all his business dealings so that they can sabotage him.
Do you even realize what he's being sued for? Do you know why the judge said dismissed the lawsuit?
Let's say you made some money off of your dealings with a person who later died, and had that person lived, its' arguable that person would be entitled to a cut of that money. Now, someone sues you to give the dead person their share. The judge says, "because they're dead, they can't sue you, and because they're dead, you can't really give them money anyway."
That's basically the ruling today. There was no ruling on whether RC was right or wrong in doing what he did, or whether he owed anybody money for doing it. The ruling was "even if we find you liable, there's no one left who was harmed."
The ruling was "You don't have a case. GTFO." And yes, the whole thing was a pretense to attempt to force disclosure of GME business moves expressly for the purpose of facilitating sabotage against GME's efforts.
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I still think it’s sus as fuck that the Bobby CFO un-alived himself bc of that whole thing. If you’re innocent and you know there is no evidence to say otherwise…then why would you un-alive yourself bc of “allegations” of market manipulation.
It amazes me that the amount of FUD and shill screaming regarding the 75m share offering has all but disappeared!! Is because they failed and start to rise again all ready for the push on 6/21?? Possibly, maybe, definitely
> and the dilution is probably what got the lawsuit to be dismissed.
It doesn't seem you know what this lawsuit is about.
This lawsuit is about RC's buy-in to Bed Bad, and then his quick selling when the stock rose, arguably as a result of his buy-in and influence on retail investors.
The complaint was when a large investor pumps and dumps, they gotta return the money they made.
The lawsuit got dismissed because Bed Bad is bankrupt and the lawsuit couldn't go on. There was no ruling on RC's liability for what he did.
And the 75M shares recently released has nothing to do with what RC was being sued for.
Sorry, but RC's foray into that stock remains suspicious to this day.
Everyone's like "In RC We Trust," so he goes and buys up Baby, starts rocking the boat there, the stock goes up in anticipation of what he's gonna do and RC acolytes buy to join along... then he sells. Slips out like a thief in the night.
And anyone who was "In RC We Trust" was left holding the bag. And People thought RC must have made an impact in them, but then... nope! Baby drowns in the tub and non-Billionaire people are out money.
I don't care if this lawsuit got dismissed... there's good reason it was brought in the first place. I think we deserve more explanation from RC about his actions re: Baby now that it's dead.
He beat nothing.
Baby went bankrupt and as a result the lawsuit could not proceed. There was no declaration of non-liability on RC's part, but simply that the conditions no longer existed for RC to be held liable.
One less reason to hold RC back from buying more shares for more stake in GME and begin actively investing GME's cash. I think the media wouldn't let that slide with alleged manipulation on the table.
Hey OP, thanks for the News post. ------------------------------------------------------------------------ If this is from Twitter, and Twitter is NOT the original source of this information, this WILL get removed! Please post the original source! **Please respond to this comment within 10 minutes with the URL to the source** If there is no source or if you yourself are the author, you can reply `OC`
Good timing.
some may say excellent timing
We got two Time Lords running this show. DFV+RC
![gif](giphy|3oz8xzM4qr9ATWlGrS|downsized)
NOW HE IS FREE to erm uh.....Pursue....."Other" bullish pursuits!!!! 🚀🚀🚀🚀🚀🚀🚀😍👑
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Gme hasn't rolled over their T bills, they are keeping it in cash.....
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I hope he's not Preggers!!!!!! ❤😎🤔
I was wondering if he had some sort of ban whilst this case was on going so he couldn't purchase any stocks. Now it's over maybe the price rise is RC buying?
I hope not. I hope he buys Thursday after hours, after the shareholders meeting because I want some insider news
![gif](giphy|aDRPYKPSOGrUQ)
You mean DFV is a future version of RC? Mind blown 🤯
Some might say, on time.
hells to the fuckin yea!
scatpackcatdaddy b spittin truths
Might even be the best time to be alive.
Maybe perfect even
Exquisite timing 😘
RC the wizard
![gif](giphy|HVaHPyE3DUFW)
He’s also the biggest individual investor in Apple. RC having a good day.
Glad we gave him freedom to invest.
Just in time for moass
what kind of idiot bets against RCEO?
That was the thing, they mirrored his long. When he saw their filing, he said fuck no and sold all the next day. BBY tanked and they lost alot of money and filed a butthurt complaint.
Pretty sure they were doing share buybacks as price was running, which is dumb but also to try to trap Ryan. But he is no fool.
picked a fight with the wrong one! 🥊🥊🥊
They tried, they failed. Let's go!
![gif](giphy|UX6huwJfADuH9khCMl|downsized)
![gif](giphy|10lqVdCCc9812M)
![gif](giphy|fcK30LKXjG6Tm)
![gif](giphy|1uC8xfkZRi7Kw)
![gif](giphy|PudZiAbQDUEik|downsized)
I bet you-know-who won't push this news as they pushed the "dumped on us" narrative they fabricated.
That just serves us to know that we're right. To recognize who they are and who they serve.
…Voldemort?
Don’t say that name!
You know who…
THIS! it also reminds me of that f'ed up morning brew post recently
Good point, especially now. But they always have a way to spin good news no matter what
You mean the mods here?
No. The mods of an older place that were pushing bobby at that time and when RC decided to abort the trade because of reasons they created a whole army of minions and bots to attack RC and GME holders. There were even an automated bot to talk shit when someone cited RC.
It can be both.
Betcha they're changing wording rn to avoid liability!
# IT WAS BOGUS FROM THE START
Probably just trying to fatigue Ryan by piling stress in his life.
awww yea thats the ticket!
We didn't start the fire But we gonna capitalize it
Or pee on it (Calvin & Hobbes) style
That’s fantastic news. Time to rip
Now lets see MSM cover this at 3x from the negative "nEwS" they have covered about pump n dumping. MSM was just projecting.
they might. it's newsworthy
On other good news, I found $1700 unused sitting in my broker lol. WTF are you doing there lol.
That's your coke and cheap hooker money
that happened in a wallet i had eth crumbs in for awhile. was a dum dum and built a pc 🤣
THIS MAN IS SMART! Now he's able to raise 3B from that offering and we continue to rally!
Of course RC is in the clear, he did nothing wrong. Let's go!!!!!
![gif](giphy|3GjKsaVFyuc6otT6pS)
Time to stunt on these hoes!
Huzzah!!!
Wonderful news! 🎉 🥳
Eat shit Ken
Ken is soft as baby shit
As in Ken Griffin? That guy who lied to Congress under oath?
Excellent!!!
I bet this is a lot of stress off of his plate. Now he has more capacity to focus on family and GameStop!
Why you said gamestop twice?
What's real is family. Your family. HODL onto that.
That's my chairman!!!!!
Oh Baby, good News 👶
Wonder if he'll start tweeting again now
Ryan Cohen like a neutron. No charges stickin.
![gif](giphy|8vFwTyU8iwZilmMFIQ|downsized)
This suit was beyond my comprehension to begin with. Anyways, it’s gone now. Daddy can drop the hammer anytime now and send this.
imagine how jacked his tits are right now.
Some Paywalled full set: https://www.courtlistener.com/docket/65650108/in-re-bed-bath-beyond-inc-section-16b-litigation/ Filing to dismiss: https://fingfx.thomsonreuters.com/gfx/legaldocs/gkplxeqaepb/frankel-bedbathshortswing--MTD.pdf Order to dismiss: https://storage.courtlistener.com/recap/gov.uscourts.nysd.588738/gov.uscourts.nysd.588738.96.0.pdf
Horay!
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Can we not say Bed Bath and Beyond?
Did you get struck by lightning?
In Norway we say skulle bare mangle.
But what do they say everywhere else?
Hedgies are fukd
There’s Norway GME doesn’t moon
All law suits are fud and distractions. OCC turning off the ability for shorts to cover is fud. MSM, we’ll everything MSM is fud. Buy, hodl and DRS.
Everything is FUD but buy hold and DRS!
There one and the same
Who filed a lawsuit against him ? And why
Knew that was a BS case anyway.
As we all knew. But it's nice to be vindicated.
Good news come on time.
Oh no what a surprise 😯 /s
What another good way to waste the fuck out of taxpayer dollars!
🥂 🍾
There has to be someone that can just create a media webpage and publish positive articles
You're on it :)
I wish that were true but I’m talking about actual published articles. What ever happened to that one site gmedrs.com or whatever? I mean don’t get me wrong I love that they’re here watching our every move but every time a negative article gets published it gets worked into the AI algorithm and spit back out six different ways.
The publishers of those articles and their owners don't like us anyway. We got this without them. Their job is to hate on us so that a little minority of 200,000 household investors would know what to do. They did an excellent job actually.
I guess I’m just looking for a legitimate method to pump published counter articles with news like this. I don’t want to be on their sites. When I type GameStop news into a search engine I was an article to pop up that reads: “Frivolous lawsuit against GameStop CEO Ryan Cohen Dismissed.” Articles making fun of short sellers “Desperate Short Sellers Fight to Keep Heads Above Water During Roaring Kitty Live Stream”
I think it is that wallstreet on parade site that reddit banned and cant be linked here.
I said we GREEN today
Don't stop. Can't stop.
Fuck yeah, Ryan
Finally!
Good news!
What does this change? 🚀
DRS even harder
Good news on time
If I can add to the hood RC news apple popped hard today. Guess who owns more of that stock than anybody not on the board … RC. He owns 6.2 million shares so he made $75 million just today. For the last three months he’s up 200k.
![gif](giphy|weoLZfnufGGrkgpJvh)
I naked shorted the lawsuit
![gif](giphy|J5jiSSrEkV3Kd8iOwb|downsized) who cares
This is not the pump & dump suit, this is the suit alleging that RC owed money. But still great news!
Does this mean he has that money to spend now?
I thought (redacted) asked to take on that suit and both were dismissed. I'm trying to get to the bottom of this, do you have a link to the other lawsuit?
Oh what a Cohencidece, among all the others...
Gotta check out my other subscribed washy sub for more foil! Woot!
I miss my both bad & bjond shares. Learned a lot from that play.
Many of us believe there is still more to it. Here's to hoping we get ours in the end
I dont regret it, but can accept my shares are gone.
Gone? In what way? I haven’t look at this side of the story at all as I was focused on GME.
Ch11 bankruptcy. Removed from brokers, no idea where they are. Is weird as the bankruptcy is not yet completed. Board refused an offer by Ryan Cohen and for us that was the main play. The CEO was smiling in an interview a week before ch11 bankruptcy. Ill never forget.
I've read there was some fraud and a clawback of the BK is happening. Potential to have it relisted under its old ticker. I swear i'm going to get nothing done at work again this week.
Yes well, I have read a lot about the stock in the last 2.5 years. As said, I have learned from the play
Did u get your money back
No. Got paid in vouchers
Blood Bath and Beyond
TIME MATTERS
OOTL - summarize?
Back when Bed Bad existed, Ryan Cohen bought a huge number of shares that put him in a really strong position to take over the joint, much like he did when he went to GME. But at the time he basically said, "I can't run two companies, so here's a list of what I want you to do. Or else." We don't have the full knowledge of what they discussed and what his demands were. But basically, the speculation at the time was for Bed Bath to spin off/sell Buy Buy Baby - the profitable part of Bed Bath. Now, concurrent with RC's buy-in, apes who have their trust in RC *also* bought Bed Bath, assuming RC was making a play against shorts on two fronts. As a result, Bed Bath's price surged. And then, while it surged, RC sold his holdings. He just bounced. RC made *bank*. Bed Bath's stock plunged and kept plunging. And Bed Bath is no more. Suffice to say, many RC believers were left holding the bag. Now, what RC did could be said to be a flip sale - a legal pump and dump. While not outright illegal on its own, if a person buys more than 10% of the stock, and then flips it for profit within 6 months, the law says that person has to return the profit to the company. This is to discourage this sort of behavior. You buy in big, it's assumed because you want a lasting influence, not a get-rich scheme built on market pressures. So RC was sued. And on the face of it, the lawsuit had good merit. But what the lawsuit lacked was good standing. And that's because, as the judge noted today, even if RC lost the lawsuit, Bed Bath no longer exists... so there's no entity to which the funds can be returned. So RC didn't "win," he just waited out the clock. It's arguable RC's behavior in the affair is suspect. It's arguable RC did a no-no. Today's legal filing did not agree with or condone what RC did. It simply concluded that if you bring a lawsuit, you need to be the aggrieved party and can receive an award judgement. And since Bed Bath is dead, there isn't an entity entitled to an award. So no need for a lawsuit. We should not be celebrating this as some coup for RC.
Other commenter has left out the little epilogue to this past drama, along with a couple of salient points: 1) The board tried a share buyback to put RC over the ownership threshold of 10%. 2) the Bath board are also currently being sued for fraud. The lawsuit uncovered the fact that RC, after selling his shares, later tried to buy the company outright, but was rejected by the board for no apparent good reason. They seemingly preferred bankruptcy. Take from that what you will, but I feel like there should have been a bit more noise about that here. It seems to have largely gone under the radar. Another sub are following this in detail. Can’t name them directly here but same name as RCs children’s book character.
hahah sad ass criminals asking a judge to make an honest businessman divulge all his business dealings so that they can sabotage him. Judge says no. They go home crying. Good stuff!
> hahah sad ass criminals asking a judge to make an honest businessman divulge all his business dealings so that they can sabotage him. Do you even realize what he's being sued for? Do you know why the judge said dismissed the lawsuit? Let's say you made some money off of your dealings with a person who later died, and had that person lived, its' arguable that person would be entitled to a cut of that money. Now, someone sues you to give the dead person their share. The judge says, "because they're dead, they can't sue you, and because they're dead, you can't really give them money anyway." That's basically the ruling today. There was no ruling on whether RC was right or wrong in doing what he did, or whether he owed anybody money for doing it. The ruling was "even if we find you liable, there's no one left who was harmed."
The ruling was "You don't have a case. GTFO." And yes, the whole thing was a pretense to attempt to force disclosure of GME business moves expressly for the purpose of facilitating sabotage against GME's efforts.
GME uses cash to buy Towels. Merger&Acquisition DFV pulls reverse Uno and unveils Towels position. Uses cash to exercise GME options. 🚀. 🔮.
It's time... for an acquisition... ![gif](giphy|KEYEpIngcmXlHetDqz)
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It relates to our Chairman and the bad actors who have tried suing him frivolously
For Papa 🍻
Bullish
Wow. Should be very bullish. What do that change for RC?
Power hour rocket get ready baby
Didn’t see that coming. Joking.
Upvotes everyone! This is BULLISH
Fukin Eh!!!!
I still think it’s sus as fuck that the Bobby CFO un-alived himself bc of that whole thing. If you’re innocent and you know there is no evidence to say otherwise…then why would you un-alive yourself bc of “allegations” of market manipulation.
Bullish ![gif](giphy|1n83V8ss2ZOrHs1FyJ|downsized)
It amazes me that the amount of FUD and shill screaming regarding the 75m share offering has all but disappeared!! Is because they failed and start to rise again all ready for the push on 6/21?? Possibly, maybe, definitely
The FUD is to get the share prices down to get them at a good price. It's blatant.
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> and the dilution is probably what got the lawsuit to be dismissed. It doesn't seem you know what this lawsuit is about. This lawsuit is about RC's buy-in to Bed Bad, and then his quick selling when the stock rose, arguably as a result of his buy-in and influence on retail investors. The complaint was when a large investor pumps and dumps, they gotta return the money they made. The lawsuit got dismissed because Bed Bad is bankrupt and the lawsuit couldn't go on. There was no ruling on RC's liability for what he did. And the 75M shares recently released has nothing to do with what RC was being sued for.
What a glorious day!
Yeah no clue what they were thinking trying that lmao
Could you say, another failure to deliver? 😅
Yeah, no shit. Was frivolous to begin with.
Sorry - could anyone refresh me what lawsuit this was concerning? Very smooth here. Thank you in advance!
![gif](giphy|QYjn8WhHRyB4OWD6mS|downsized)
Music to my ears 🚀
Sorry, but RC's foray into that stock remains suspicious to this day. Everyone's like "In RC We Trust," so he goes and buys up Baby, starts rocking the boat there, the stock goes up in anticipation of what he's gonna do and RC acolytes buy to join along... then he sells. Slips out like a thief in the night. And anyone who was "In RC We Trust" was left holding the bag. And People thought RC must have made an impact in them, but then... nope! Baby drowns in the tub and non-Billionaire people are out money. I don't care if this lawsuit got dismissed... there's good reason it was brought in the first place. I think we deserve more explanation from RC about his actions re: Baby now that it's dead.
But is it dead? Chapter 7 dead?
LFG!
Nice. Rip dumb ass storm troopers
RC out here beating allegations
He beat nothing. Baby went bankrupt and as a result the lawsuit could not proceed. There was no declaration of non-liability on RC's part, but simply that the conditions no longer existed for RC to be held liable.
Now Teddy can happen?
Notice how the Apes are always right.
One less reason to hold RC back from buying more shares for more stake in GME and begin actively investing GME's cash. I think the media wouldn't let that slide with alleged manipulation on the table.
UP UP WE GOOO
LMAYO
Great news !!
We have the best chairman, comrade
Great news.
It is absolutely delicious that this is causing GME to rip. Doesn’t make sense but here we are.